Gst on reservoir leaser
This query is : Resolved
11 December 2017
Whether GST on Reservoir Lease Rent applicable or Not. Under which section or code
11 December 2017
18% GST applicable.
Renting of immovable property for commercial use is taxable @ 18%. GST is leviable only if aggregate turnover is more than 20 lakhs. It may be interesting to note that for the purpose of computing the aggregate limit of Rs 20 lakhs under the GST, all the taxable, as well as exempt goods and services supplied, shall be taken into account.
Renting of immovable property for commercial use is taxable @ 18%. GST is leviable only if aggregate turnover is more than 20 lakhs. It may be interesting to note that for the purpose of computing the aggregate limit of Rs 20 lakhs under the GST, all the taxable, as well as exempt goods and services supplied, shall be taken into account.
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